30 January, 2009

A Consumer Revolution? What America’s Future May Hold…

At the core of American’s principles lies the ability for her to adapt to change. [Think industrial revolution.]

And we may just be on the brink of another revolution—a revolution where consumers are acutely aware of the dangers of credit reliance.

A revolution where sensibility rules and consumer gluttony becomes a thing of the past.

A revolution where credit card agencies’ predatory practices fall flat and consumers are protected and looking out for their best interests.

What Could a Consumer Revolution Look Like?

The consumer revolution would focus on each person being actively aware and responsible for their “consumerism” practices. It’s basis simple—people will reduce spending to save money.

For example, people could decide that it makes fiscal sense to carpool to work, thus saving gas and reducing their carbon footprint.

Adults may consider finding roommates or doubling-up with extended family to share living costs.

People may opt out of buying a car and turn to using public transportation (or turn to using that old-school idea of human transportation — walking or riding bikes).

There may also begin a trend of more people working from home to save on transportation costs.

Companies may also prefer people working from home so it saves on overhead and turn to hiring freelancers for projects instead of hiring full-time staff, thus cutting back on benefit expenses.

In the end, the consumer revolution could help American’s retool their spending habits and rebuild their financial futures.

…And it will have appositive effect on the environment—the best a win-win situation we could hope for.

Are you in debt looking for your own revolution ? Check out this information on filing bankruptcy.

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